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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Progility | PGY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 47.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 47.50 | 47.50 |
| Top Posts |
|---|
Posted at 19/11/2017 21:09 by dusseldorf Having said that, TDWaterhouse wrote this:"Monday 20th Nov: Trading statement from betting firm William Hill (WMH), full year results from Diploma (DPLM) and project management group Progility (PGY), half year results from NEX Group (NXG)." |
Posted at 12/10/2017 16:24 by dusseldorf Still Waiting - It's no bad thing the price dropped back. If it goes too high on 'no news' Bos immediately releases an RNS claiming no reason. Let's hope the results actually give a solid reason for price rise. revenues will be up, losses will be greatly reduced or at best, turned into a profit. The elephant in the room is the outstanding debt, however, if the company can demonstrate that it can generate cash over and above debt repayments - there is an theoretical possibility, that PGY could trade it's way to debt repayment. It's unlikely, as if it did, PGY would be trading 1000% higher, who knows.If he does convert debt (and ideally at substantial premium e.g. 5p), it immediately adds circa £3m annually straight to the bottom line. PGY is Bos' play toy, ultimately one man is in charge of the price irrespective of business performance. If the business does better, he may simply choose to loan it more debt e.g. to make further acquisitions and accelerate revenue and perhaps profitability. At these levels, it makes sense to be in. If it lept up to 3-4p, I'm not sure how much potential would be left short term assuming he keeps debt in the company. |
Posted at 12/9/2017 12:39 by dusseldorf cyberbub - In theory Bos can name his own price, but my understanding (given volume of equity required) is that any motion to convert debt would have to be carried at general meeting by the independent shareholders (independent being the only parties not directly related to the transaction and the only ones eligible to vote). I certainly wouldn't vote for something at the wrong price.To be honest I'm not sure he wants to convert yet, he has another £20m ish? headroom in his finance facility. If the company is profitable, its profitable AFTER paying the finance fees for the loan he has provided (which is a nice little earner for him by the way). If he converted, the company profit jumps about £3m/year (as interest payments disappear) so the conversion process would have to reflect a fair market valuation for profit of £xm on turnover of £Ym - something the Nomad should also give an independent view on. My view is that the figure is 3-5p, however, it could be higher or lower dependent on when its done and how the business is performing. You can bet your bottom Aussie Dollar, that BOS will milk PGY for interest payments, whilst allowing it to expand, and fund it with new money - when the time is right, he'll convert and then sell it all at a big premium. |
Posted at 25/4/2017 14:53 by dusseldorf Hopefully Bos is getting somewhere in terms of converting his debt (via Praxis) - PGY is a £30m+ company trading at £2.5m due to outstanding debt (and it's knock on impact on profitability).I guess if he trades his way through to repayment the share price will be multiples higher, but in all likelihood, he'll secure himself the lions share of the equity when the time is right...hopefully at 5p+ |
Posted at 16/9/2016 13:55 by apfindley RNSNO REASON FOR RISE"Progility plc (AIM: PGY), the Professional Services, Healthcare and Communications firm notes the increase in the Company's share price today, and can confirm it knows of no specific reason for the increase."EXCEPT THE REGULAR PUMPING CREW ARE CONTINUING THEIR CRIMINAL ACTIVITIES. |
Posted at 17/8/2015 13:58 by graham1ty And Growth Company Investor tipped PGY at 7.87p in January 2015. How come they are 2.75p now Wayne and everyone has lost 65% of their money Wayne |
Posted at 29/6/2015 10:09 by smithie6 So pgy shares take a pasting !Some of us very happy too see Wayne lose money today ! How the price held up for so long..beats me... Added to prev. incompetent muppets...who got rich while co. went down the drain... Been one disaster after another ! |
Posted at 27/3/2015 07:44 by graham1ty Just read on. PGY is so short of profit and therefore cash that they have had to issue another £500,000 of Loan Notes.....to Wayne Bos of course. Just for working capital |
Posted at 12/3/2015 15:43 by smithie6 some good posts there Graham"Graham1TY 30 Sep'14 - 19:59 - 47 of 51 1 0 "profitable and growing platform". Er Wayne you have shrunk £26m to £16m.....not growing. And call me old fashioned, but you just reported a loss of £0.4m" ---- Not sure what Wayne is doing... BUT if the loan notes can not be paid....then the loan note debts can be called in...and if the co. can not pay....then, surprise surprise, the loan note holder (ie. Wayne) will own all of PGY and its acquisitions with 0 for shareholders. Be interesting to see what happens, from a distance, (bargepole job for me) ---- And yes, as you say, someone selling 1M annual profit for 1M euros lump sum. Very fishy. |
Posted at 11/3/2015 10:44 by graham1ty Oh my word, it looks like a dog, barks like a dog, smells like a dog.PGY has been abandoned by Paul Lever the last link with ILX. As a completely wet Chairman he allowed all ILX holders to get completely shafted, recommended the disastrous Australian acquisitions and now jumps ship. I suppose cannot blame him, though I do hold him responsible as Chairman for fundamentally failing to look after his shareholders interests. Now trades at 4.6p which capitalises PGY at less than £10m. IT IS A DOG. Get out |
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